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Russian Railways cuts central staff by up to 37% amid debt crisis
6 articles |
Updated 7h ago |
Created 10h ago
Russian Railways is executing a comprehensive workforce reduction strategy that involves terminating contracts at over two hundred locations between now and May to address its three trillion ruble debt burden while simultaneously reducing headcount by approximately six thousand positions within central management structures for 2026, with specific termination dates set in April.
Key Points
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1Russian Railways plans to cut its central apparatus by approximately 15% in the upcoming year.
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2The company intends to reduce nearly six thousand employees within this specific organizational unit, with cuts scheduled for fiscal or calendar years extending into late spring/summer of next month (20th).
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3This restructuring decision is being framed as a necessary measure driven by an existing debt burden totaling 3.3 trillion rubles.
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4Multiple news outlets are reporting the announcement on March 18, with specific details varying slightly between sources.
Developments
[Mar 20]
Russian Railways will reduce its central apparatus by approximately six thousand employees (Tvrain).
[Feb/Mar]
The company is expected to cut nearly half of the total staff in this specific unit, which includes 15% reduction plans and a debt context totaling over three trillion rubles.